KWADRANT N & M
ActiveSummary
KWADRANT N & M has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169k and a net result of €50k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-2
Solvency65▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 3.23 in 2024; short-term debt: 47.1% of total assets), but 60.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.6%
Return on assets
11.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
7 d early
2023
2 d early
2022
1 d early
2021
109 d late
2020
51 d late
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€169k▼ 36.0%
2024 · €263k
2019: €150klowest in 7 years
2020: €176k▲ +17.2% vs 2019
2021: €203k▲ +15.3% vs 2020
2022: €206k▲ +1.6% vs 2021
2023: €227k▲ +10.1% vs 2022
2024: €263k▲ +16.0% vs 2023highest in 7 years
2025: €169k▼ -36.0% vs 2024
2019 → 2025
Total assets
€426k▼ 2.2%
2024 · €436k
2019: €491k
2020: €535k▲ +8.9% vs 2019highest in 7 years
2021: €442k▼ -17.3% vs 2020
2022: €417k▼ -5.6% vs 2021lowest in 7 years
2023: €433k▲ +3.9% vs 2022
2024: €436k▲ +0.5% vs 2023
2025: €426k▼ -2.2% vs 2024
2019 → 2025
Net result
€50k▼ 13.4%
2024 · €57k
2019: €21klowest in 7 years
2020: €51k▲ +137% vs 2019
2021: €67k▲ +31.6% vs 2020highest in 7 years
2022: €28k▼ -57.7% vs 2021
2023: €42k▲ +48.2% vs 2022
2024: €57k▲ +36.8% vs 2023
2025: €50k▼ -13.4% vs 2024
2019 → 2025
Working capital
€147k▼ 37.9%
2024 · €237k
2019: €130klowest in 7 years
2020: €151k▲ +16.4% vs 2019
2021: €144k▼ -4.7% vs 2020
2022: €162k▲ +12.4% vs 2021
2023: €195k▲ +20.3% vs 2022
2024: €237k▲ +21.7% vs 2023highest in 7 years
2025: €147k▼ -37.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€203k-€206k▲ 1.6%€227k▲ 10.1%€263k▲ 16.0%€169k▼ 36.0%
2021: €203k
2022: €206k▲ +1.6% vs 2021
2023: €227k▲ +10.1% vs 2022
2024: €263k▲ +16.0% vs 2023highest in 5 years
2025: €169k▼ -36.0% vs 2024lowest in 5 years
Operating result€94k-€41k▼ 56.3%€59k▲ 45.0%€80k▲ 33.8%€63k▼ 20.9%
2021: €94khighest in 5 years
2022: €41k▼ -56.3% vs 2021lowest in 5 years
2023: €59k▲ +45.0% vs 2022
2024: €80k▲ +33.8% vs 2023
2025: €63k▼ -20.9% vs 2024
Net result€67k-€28k▼ 57.7%€42k▲ 48.2%€57k▲ 36.8%€50k▼ 13.4%
2021: €67khighest in 5 years
2022: €28k▼ -57.7% vs 2021lowest in 5 years
2023: €42k▲ +48.2% vs 2022
2024: €57k▲ +36.8% vs 2023
2025: €50k▼ -13.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €426k
Fixed assets
€78k ▼ 15.0%
Current assets
€348k ▲ 1.3%
Equity and liabilities €426k
Equity
€169k ▼ 36.0%
Debt
€257k ▲ 49.6%
Debt's share of the balance-sheet total rises from 39.5% to 60.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€77k▼
2024 · €94k
Cash flow
€63k▼
2024 · €72k
Current ratio
1.73▼
2024 · 3.23
Debt to equity
1.53▲
2024 · 0.65
ROE
29.4%▲
2024 · 21.7%
ROA
11.7%▼
2024 · 13.2%
Interest coverage
32.13▲
2024 · 20.60
Debt ≤ 1 year
€201k▲
2024 · €106k
Debt > 1 year
€57k▼
2024 · €65k
Income taxes
€20k▼
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€436k€426k▼
Fixed assets21/28€92k€78k▼
Tangible fixed assets22/27€92k€78k▼
Land and buildings22€38k€32k▼
Plant, machinery and equipment23€576€231▼
Furniture and vehicles24€17k€10k▼
Other tangible fixed assets26€37k€37k=
Current assets29/58€344k€348k▲
Amounts receivable after more than one year29€310k€345k▲
Other amounts receivable291€310k€345k▲
Amounts receivable within one year40/41€32k€2k▼
Trade receivables40€32k€2k▼
Other amounts receivable41€32€210▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€436k€426k▼
Equity10/15€263k€169k▼
Contributions10/11€12k€12k=
Reserves13€245k€150k▼
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Distributable reserves133€243k€148k▼
Profit (loss) carried forward14€6k€6k▲
Amounts payable17/49€172k€257k▲
Amounts payable after more than one year17€65k€57k▼
Financial debts170/4€65k€57k▼
Amounts payable within one year42/48€106k€201k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Financial debts43€16k€28k▲
Credit institutions430/8€16k€28k▲
Trade debts44€10k€11k▲
Suppliers440/4€10k€11k▲
Advances received on contracts in progress46€32k-
Taxes, remuneration and social security45€16k€9k▼
Taxes450/3€16k€9k▼
Other amounts payable47/48€24k€145k▲
Accrued charges and deferred income492/3€600-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€8k€4k▼
Gross operating margin9900€102k€81k▼
Operating profit (loss)9901€80k€63k▼
Financial income75/76B€8k€9k▲
Recurring financial income75€8k€9k▲
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€83k€69k▼
Income taxes67/77€25k€20k▼
Profit (loss) for the period9904€57k€50k▼
Profit (loss) for the period to be appropriated9905€57k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€56k▼
Profit (loss) brought forward from the previous period14P€6k€6k▲
Transfer from equity791/2€21k€145k▲
Transfer to equity691/2€57k€50k▼
To other reserves6921€57k€50k▼
Profit to be distributed694/7€21k€145k▲
Return on contributions (dividend)694€21k€145k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €53k | €700 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €19k | €14k | €14k | €14k | ▼ 3.6% |
| Other operating charges640/8 | €6k | €7k | €6k | €8k | €4k | ▼ 46.0% |
| Non-recurring operating charges66A | - | €7k | €11k | - | - | - |
| Gross operating margin9900 | €121k | €74k | €91k | €102k | €81k | ▼ 20.5% |
| Operating profit (loss)9901 | €94k | €41k | €59k | €80k | €63k | ▼ 20.9% |
| Financial income75/76B | €6k | €5k | €6k | €8k | €9k | ▲ 13.0% |
| Recurring financial income75 | €6k | €5k | €6k | €8k | €9k | ▲ 13.0% |
| Financial charges65/66B | €5k | €3k | €4k | €5k | €2k | ▼ 47.6% |
| Recurring financial charges65 | €5k | €3k | €4k | €5k | €2k | ▼ 47.6% |
| Profit (loss) for the period before taxes9903 | €94k | €43k | €61k | €83k | €69k | ▼ 16.3% |
| Income taxes67/77 | €27k | €15k | €19k | €25k | €20k | ▼ 22.8% |
| Profit (loss) for the period9904 | €67k | €28k | €42k | €57k | €50k | ▼ 13.4% |
| Profit (loss) for the period to be appropriated9905 | €67k | €28k | €42k | €57k | €50k | ▼ 13.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €442k | €417k | €433k | €436k | €426k | ▼ 2.2% |
| Fixed assets21/28 | €162k | €147k | €106k | €92k | €78k | ▼ 15.0% |
| Tangible fixed assets22/27 | €162k | €147k | €106k | €92k | €78k | ▼ 15.0% |
| Land and buildings22 | €58k | €51k | €44k | €38k | €32k | ▼ 16.9% |
| Plant, machinery and equipment23 | €2k | €1k | €921 | €576 | €231 | ▼ 59.9% |
| Furniture and vehicles24 | €56k | €58k | €25k | €17k | €10k | ▼ 41.7% |
| Other tangible fixed assets26 | €45k | €37k | €37k | €37k | €37k | = |
| Current assets29/58 | €281k | €271k | €327k | €344k | €348k | ▲ 1.3% |
| Amounts receivable after more than one year29 | €250k | €240k | €275k | €310k | €345k | ▲ 11.3% |
| Other amounts receivable291 | €250k | €240k | €275k | €310k | €345k | ▲ 11.3% |
| Amounts receivable within one year40/41 | €25k | €29k | €51k | €32k | €2k | ▼ 94.6% |
| Trade receivables40 | €25k | €29k | €50k | €32k | €2k | ▼ 95.2% |
| Other amounts receivable41 | €215 | €205 | €488 | €32 | €210 | ▲ 567% |
| Cash at bank and in hand54/58 | €4k | - | - | - | - | - |
| Deferred charges and accrued income490/1 | €2k | €1k | €1k | €2k | €1k | ▼ 30.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €442k | €417k | €433k | €436k | €426k | ▼ 2.2% |
| Equity10/15 | €203k | €206k | €227k | €263k | €169k | ▼ 36.0% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €185k | €188k | €209k | €245k | €150k | ▼ 38.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Other1319 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €184k | €187k | €207k | €243k | €148k | ▼ 39.1% |
| Profit (loss) carried forward14 | €5k | €5k | €6k | €6k | €6k | ▲ 0.6% |
| Amounts payable17/49 | €239k | €211k | €206k | €172k | €257k | ▲ 49.6% |
| Amounts payable after more than one year17 | €103k | €102k | €73k | €65k | €57k | ▼ 12.9% |
| Financial debts170/4 | €103k | €102k | €73k | €65k | €57k | ▼ 12.9% |
| Amounts payable within one year42/48 | €136k | €109k | €132k | €106k | €201k | ▲ 88.8% |
| Current portion of amounts payable after more than one year42 | €18k | €45k | €29k | €8k | €8k | ▲ 1.8% |
| Financial debts43 | - | €14k | €20k | €16k | €28k | ▲ 71.9% |
| Credit institutions430/8 | - | €14k | €20k | €16k | €28k | ▲ 71.9% |
| Trade debts44 | €34k | €3k | €6k | €10k | €11k | ▲ 10.2% |
| Suppliers440/4 | €34k | €3k | €6k | €10k | €11k | ▲ 10.2% |
| Advances received on contracts in progress46 | - | €4k | €35k | €32k | - | - |
| Taxes, remuneration and social security45 | €20k | €14k | €18k | €16k | €9k | ▼ 41.3% |
| Taxes450/3 | €20k | €14k | €18k | €16k | €9k | ▼ 41.3% |
| Other amounts payable47/48 | €65k | €28k | €24k | €24k | €145k | ▲ 492% |
| Accrued charges and deferred income492/3 | - | - | €671 | €600 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67k | €28k | €42k | €57k | €50k | ▼ 13.4% |
| + Depreciation and write-downs630 | €21k | €19k | €14k | €14k | €14k | ▼ 3.6% |
| Operating cash flow (approximation) | €88k | €47k | €56k | €72k | €63k | ▼ 11.4% |
| Investment in fixed assets (approximation) | - | €-4k | €26k | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
30-06
Financial
Highest result since 2019net €67k ▲31.6%
Operating result €94k, net result €67k, both a record.
30-06
Financial
Equity above €200kEq €203k ▲15.3%
3 profitable years in a row build equity to €203k.
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koekelare · 1 establishment unit since 2009
Ground area
3,297 m²
Building footprint
176 m²
Volume, LiDAR
811 m³
Parcel 32010B0927/00D000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KWADRANT N & M
since 20092.176.499.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010B0927/00D000 | Flanders | 3,297 m² | 1 · 176 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Nicky Van Bulck
BE 0664.942.126
Rumst · Eq €168,354
D.C.E.
BE 0876.788.542
Soignies · Eq €168,818
DVM Concept
BE 0820.083.926
Bertem · Eq €168,861
CHAUFFAGE MARTIN
BE 0425.693.012
Harelbeke · Eq €168,154
Sander van de Pol
BE 0780.632.838
Ravels · Eq €168,117
Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 2,957 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-02-2009
Fiscal year end30-06
Activities, NACEBEL 2025
43221Plumbing work
43240Other construction installation
46460Wholesale of pharmaceutical and medical goods
70200Business and other management consultancy
82990Other business support services
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.